How much credit cards do you currently have?

WJTrader · #1 (**permalink**) 02-11-2009, 10:08 PM

How much credit cards do you currently have? It seems that everyone has them nowadays.

Look forward to the response

ksluis62 · #2 (**permalink**) 02-12-2009, 06:43 AM

I have 10, just one that I use frequently and pay off every month. However, I have 5 with balances currently under low-interest rate offers. I'm working like a dog to pay off that debt!

ElliotClark · #3 (**permalink**) 02-12-2009, 07:42 PM

I have 4 of them including my offshore credit card. Offshore credit cards that are issued by international banks operating at offshore banking centers have quite good rates for their credit cards. I have tried HSBC credit card and I can recommend it to you as well. The only drawback is that offshore credit card issuers require a guarantee.

Ralph · #4 (**permalink**) 04-18-2009, 05:26 AM

At one point I had 7 credit cards in use and max out balance on most. It took me years to educate myself and pay off each and every one of them blood suckers.
I now only use my Discover card for emergencies and small things to build up the rewards and have manage to stay within a safe limit.

shahab6 · #5 (**permalink**) 04-20-2009, 06:37 AM

I only have one credit card, there's no point in carrying more than one.

Rayout · #6 (**permalink**) 05-16-2009, 10:07 PM

Quote:

Originally Posted by shahab6

I only have one credit card, there's no point in carrying more than one.

Cash back rewards? Card have different rewards/bonuses for different categories so it helps to have more than 1.

Having more cards is good for your credit rating also (assuming you don't max them out).

I have 8. One is 2% cash back on everything, 1 is 5% cash back on books/restaurants, one is 3% on everyday categories, Discover card, Amex, and 3 other cards that I got recently for sign up bonuses/balance transfer arbitrage from my last app-o-rama.

mhartuf · #7 (**permalink**) 05-18-2009, 09:57 PM

I have 2 cards. One card I have had a 8-year-history with and one I recently opened a few years ago. I mainly use my debit as credit to get the points and to transfer money into my way to save with wachovia.

littleroc02us · #8 (**permalink**) 07-23-2009, 02:21 PM

My wife and I have 1 Discover card which we only use for Gas and Groceries.

sapphirecapital · #9 (**permalink**) 07-23-2009, 08:52 PM

zero it is

Ryan6 · #10 (**permalink**) 09-21-2009, 06:42 AM

I currently have two, but both have very small credit limits (easy to manage).